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Oct 8, 2012
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly what he plans to do. the idea is to set a world record for a freefall. he has already tried it from a
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket....
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Oct 11, 2012
10/12
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christine legarde, head of the imf says euro zone countries should have more time to cut budget deficits. greece and spain to have more time because it would do more harm than good. france and italy and spain have been giving the same message. germany responding by saying backtracking in debt reduction goals. it would hurt confidence and so it goes. connell: never a shortage items. [talking over each other] ashley: a very conservative view. vice president joe biden taking on paul ryan in the vice-presidential debate this evening and joe biden will have work cut out for him. a new fox news poll shows 40% of americans have a favorable opinion of paul ryan compared to 44% for the vice president. with reaction to that let's bring in judith miller, fox news contributor and fellow at the man and an institute and former press secretary for vice president al gore. who has the most to lose tonight? >> joe biden has the most to lose because if he doesn'' improve on the president's performance, this ticket is in big trouble. dagen: is it avoiding gaffes this evening? i would rather see him a little
christine legarde, head of the imf says euro zone countries should have more time to cut budget deficits. greece and spain to have more time because it would do more harm than good. france and italy and spain have been giving the same message. germany responding by saying backtracking in debt reduction goals. it would hurt confidence and so it goes. connell: never a shortage items. [talking over each other] ashley: a very conservative view. vice president joe biden taking on paul ryan in the...
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Oct 12, 2012
10/12
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get this deficit and debt under control to prevent a debt crisis. make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses, they're our job creators. >> they get out of the way. if they get out of the way and let us pass the tax cut for the middle class and make it permanent. they get out of the way and let us allow 14 million people who are struggling to stay in their homes because their mortgages are upside down but they never missed a mortgage payment. >> ali velshi is our chief business correspondent. ali velshi, welcome back. unemployment below 6%, to quote you, in your op-ed on cnn money, no more bs, please. care to extrapolate? >> right, so let's put the unemployment number aside for a second. that is a nonpartisan number, that's congressional budget office they say if nothing changed, we would have an unemployment rate of about 6.3% by the end of 2016. the end of the next presidential term. but as we have learned in the last week, the unemployment rate measures different things.
get this deficit and debt under control to prevent a debt crisis. make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses, they're our job creators. >> they get out of the way. if they get out of the way and let us pass the tax cut for the middle class and make it permanent. they get out of the way and let us allow 14 million people who are struggling to stay in their homes because their mortgages are upside down but they...
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Oct 9, 2012
10/12
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if you just extended the bush tax cuts it would add a trillion dollars to our deficit. why? mcmitt romney is looking out for the rich speaking of which, how about the iraq war? mitt romney was in favor of it, the entire republican party. how much did that cost? is this estimates have it as high as $5 trillion. and you're talking to me about big bird? you're talking to me about big bird? $22 million you want to cut and your dumb ass war cost $5 trillion. your tax cuts for sheldon adelson cost $2 billion. i'm not having the conversation about big bird and cutting down his nest until we talk to the other guys first. on the essence of that, the obama campaign is right. >> when we come back, the republicans are so loathesome they've now got a lobby to make sure that we are not protected from cancer. >> we have 15 homes in this area and maybe 11 people have died or more with cancer. >> the koch brothers are killing me and my family. >> and how are they buying politicians to do it? you'll find out in the next segment. and then, the romney girls. they found women in favor of romney.
if you just extended the bush tax cuts it would add a trillion dollars to our deficit. why? mcmitt romney is looking out for the rich speaking of which, how about the iraq war? mitt romney was in favor of it, the entire republican party. how much did that cost? is this estimates have it as high as $5 trillion. and you're talking to me about big bird? you're talking to me about big bird? $22 million you want to cut and your dumb ass war cost $5 trillion. your tax cuts for sheldon adelson cost $2...
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Oct 9, 2012
10/12
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we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to the extent possible. in figuring out which credits and deductions to eliminate, we must draw a line when it comes to protecting the middle class. we must understand that many of the expenditures in the tax code are not loopholes at all. tax preferences, things like a college education and retirement savings belong in the tax code even after reform happens. they were put in the code on purpose, to make a middle-class lifestyle accessible and sustainable for american families. tax reform recognized this in 1986. even as we cleared out
we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to...
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Oct 11, 2012
10/12
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so young. ffor help finding a plan that's right for you, give unitedhealthcare a call today. >>> a man who is investigating violence against the u.s. embassy in yemen is now shot dead in a street today. it happened in yellen's capital. the man was a yemeni fwhooshl had worked for the embassy for 20 years. witnesses say men on motorcycles drove up next to his car and opened fire. it happened in broad daylight in one of the city's main streets, and the way he was killed, his long career with the u.s. government making officials believe that perhaps he was singled out and targeted. want to talk abou
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so...
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Oct 10, 2012
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>>guest: he is hailed as a deficit hawk but his own budget doesn't balance until 2040. the olson tws wll b 5 b eme is balanced. >> if you taking youroney, who do you give it to? joe biden and president obama or ryan and ey? ep bon t opant specifics? >>guest: what they --. >>shepard: you are saying you ll not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it wor tabo.eaire >> stimulating the economy, the president has not laid out his plan and they are saying, why doesn't governor romney lay out hisplan. he has done it over and ovend h tedutcug rd >> i would rr ben t side of momentum. >> if you are driving across the country and you say you will do it in 15 years can you not do that unless you speed. that is what mitt romney is sayi >>shd:y saey ll tutit h ld. stands to reason that the american people would go, you should tell us how but they are not going to. >>guest: i think we will hear it from the vice predent. wdov il >>shepard: all right guys, john, john, everyone is john today. we will be in kentucky tomorrow. i
>>guest: he is hailed as a deficit hawk but his own budget doesn't balance until 2040. the olson tws wll b 5 b eme is balanced. >> if you taking youroney, who do you give it to? joe biden and president obama or ryan and ey? ep bon t opant specifics? >>guest: what they --. >>shepard: you are saying you ll not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it wor tabo.eaire >> stimulating the economy, the president...
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Oct 6, 2012
10/12
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job creation is also tied to spending and deficits. he gave us $16 trillion in debt. so while we do see an improvement in job creation, it's not what it should be. the red state governors are leading it. and if president obama were following their lead, the national mood and economy would be much, much better right now. >> do you think that conspiracy theories such as being said across the country right now, do you that damages mitt romney? it's getting a lot of play nationwide. it really is. you can't take that away. do you think that's damaging? >> people are entitled to their opinion. this is a free country. it's free speech. i personally accept the numbers as they are. we need to be talking about the issues. the facts, there are still over 20 million people out of work. gas has doubled under this president. >> okay. scott, let's move on to you. florida's unemployment rate stands at 8.8%, one point higher than the national average that came out yesterday. florida also tops the list of states. and some type of foreclosure process, 11%. has president obama done enoug
job creation is also tied to spending and deficits. he gave us $16 trillion in debt. so while we do see an improvement in job creation, it's not what it should be. the red state governors are leading it. and if president obama were following their lead, the national mood and economy would be much, much better right now. >> do you think that conspiracy theories such as being said across the country right now, do you that damages mitt romney? it's getting a lot of play nationwide. it really...
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Oct 11, 2012
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he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when republicans have put obstacles up to getting the bills passed. >> why didn't the president fully embrace simpson-bowles when he had the opportunity? he patteded them on the back and said thank you. >> he took much of what was in simpson bowls and create ten-year $4 trillion reduction plan much of what you saw in simpson-bowles -- >> he missed the moment. there was a moment when something might have been accomplished. >> remember, he said, i'm going to take the idea of reducing the deficit by $4 trillion and show you what i would do and he presented that and he ga
he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when...
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Oct 8, 2012
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he expanded the gap on things like the deficit. we have seen this shift toward romney and all the other areas. one place where president obama has this surprising finding. 49%, half of the people poll likely voters think that president obama is more moderate than romney. this is a president who ran as a liberal, governed as a liberal, done more to expand the government in try-and-a-half years than any other democratic president since lyndon johnson, maybe since fdr. after the midterm he was repudiated and runs as liberal, proud liberal. convention advertised him as liberal. romney campaign has a huge opening in a country 2 to 1, self-identified conservatives and liberals to say you know what? obama is in fact an activist liberal. >> bret: quickly, charles, polls are flashes in time. you get a call, what do you identify now? not are you a republican or democrat. which party do you identify with at this moment? >> look, everybody understands it's not a predictor of election day but it tells you if you compare today with yesterday and
he expanded the gap on things like the deficit. we have seen this shift toward romney and all the other areas. one place where president obama has this surprising finding. 49%, half of the people poll likely voters think that president obama is more moderate than romney. this is a president who ran as a liberal, governed as a liberal, done more to expand the government in try-and-a-half years than any other democratic president since lyndon johnson, maybe since fdr. after the midterm he was...
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Oct 12, 2012
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when governor daniels stepped into office, there was a deficit. at the same time, there were a variety of tactics like delaying payments. my question to my colleagues on the stage is, how will we avoid the mistakes of the past that allowed indiana to go so deep in red? how do we ensure the next administration produces honestly balanced budgets and preserves the fiscal integrity of the state of indiana. >> we have bipartisan control of government. it is essential. we have a republican house and senate and a democratic governor. i like your idea. i get kind of a kick, the congressmen and i have known each other for years. he is a fine person, but we disagree on many things. there is the candidate and the congressmen. humanist 86% of the votes. -- you missed 86% of the votes. and you would vote governor daniels' name. mitch daniels is a friend of mine, but he shows up to work every day. he is there. you are talking about our financial situation and when you were in congress and in control, president bush was in office, you voted five times to raise t
when governor daniels stepped into office, there was a deficit. at the same time, there were a variety of tactics like delaying payments. my question to my colleagues on the stage is, how will we avoid the mistakes of the past that allowed indiana to go so deep in red? how do we ensure the next administration produces honestly balanced budgets and preserves the fiscal integrity of the state of indiana. >> we have bipartisan control of government. it is essential. we have a republican...
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the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge expansion that lasted for decades, a building of the middle class that's the envy of the world or used to be. peter, peter morici, can this feat of rebuilding the middle class and reducing the deficit, can that happen again? >> absolutely, but we have to remember that roosevelt inherited a very small government, so expanding it wasn't the rock on the back of the private sector. a more comparable situation was reag reagan's dilemma, inherited an economy with double digit inflation and interest rates and unemployment that peaked at 10.8%, not 10 as mr. obama's did, but hy he took his stimulus in
the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge...
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the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being questioned in turkey. and the understanding is that they were somehow allegedly tied to the attack in libya. now, they were on the watch list that the u.s. compiled. that was given to the turks and the turks picked them up, apparently came into the country this week and the fbi is hoping they will have some type of access to them. >> questioned them already, but would like to have a chance to. >> right. >> there was also another development today in this investigation. this e-mail between the state department and the team benghazi surfaced. what do we know about that? >> well, this is part of, you kno
the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being...
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Oct 7, 2012
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adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who goes to college, which means they spend more money. calls for a $5 trillion cut. he is saying he will pay for it deductions. he has been asked how he would deductions. them. when you add up all the loopholes and deductions that all away. you do not come close to paying for $5 trillion. that is why independent studies looking at this said the only way to meet governor romney's deficit or not adding to theclass families. where people at the top are doing well while middle-class families are burdened further, that is not what i believe is a recipe for economic growth. >>
adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who...
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Oct 14, 2012
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taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work out the details in the same way ronald reagan did with tip o'neill with working across the aisle. governor romney has a proven record of being able to work across the aisle. >> chris: there are a lot of questions from independent people how do you pay for it and you refuse to say how you will pay for it? >> we will pay for it by eliminating deductions and loopholes and making sure for the middle class that protecting the home mortgage deduction and other important deductions for them but at the high end you would eliminate deductions and a lot of special interest loopholes that would allow you you to bring down the rate 20%. six different studies said this is -- >> chris: those studies are questionable. some of them are blogged. some from the aei which is hardly an independent group. >> these are credible sources and -- >> chris: on
taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work out the details in the same way ronald reagan did with tip o'neill with working across the aisle. governor romney has a proven record of being able to work across the aisle. >> chris: there are a lot of questions from independent...
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Oct 10, 2012
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i am going to blow the deficit up even larger. and by the way, all republicans, almost all republicans nationwide said we want to repeal row-wade and now says actually if you elect me, no chance. >> if we get too much caught up on him being moderate or being conservative, i'm not sure that the democrats taking advantage. where they've taken advantage is show him as someone without a consistent point of view willing to say anything because the president has to be someone who makes tough decisions even when they're unpop ulular. we'll see if that plays out. >> the bottom line he is more conservative than president obama. >> are you sure? >> absolutely. and conservatives know with a mitt romney in the white house they will get more conservative judges in federal positions. they will get -- they probably won't get, you know, the executive orders allowing international funding of abortion. that's the choice. >> that is true. of course that's true. but nobody has a problem with someone changing their mind given new information or a new
i am going to blow the deficit up even larger. and by the way, all republicans, almost all republicans nationwide said we want to repeal row-wade and now says actually if you elect me, no chance. >> if we get too much caught up on him being moderate or being conservative, i'm not sure that the democrats taking advantage. where they've taken advantage is show him as someone without a consistent point of view willing to say anything because the president has to be someone who makes tough...
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worse by austerity warning governments that increasing economic output should be put ahead of meeting deficit targets in other words governments need to be growing economies not contract thing that she specifically urged policymakers in the eurozone to give greece more time to meet spending cuts goals to soften the impact of austerity according to data from the i.m.f. world economic outlook the eurozone nations that embraced austerity like greece portugal and spain have seen their economies contract far more than yours or nations that haven't so let's hope austerity happy republicans in the united states like paul ryan who's debating tonight are paying attention to the harm their policies are causing across the atlantic. so let's assume you think your neighbor is a terrorist and you just need to find the evidence so you know you start opening his mail and you wiretap his phone and you climb through his window when he's at work and check his internet search history well guess what would happen if you did all of these things and got caught you go to jail these are federal crimes but now let's a
worse by austerity warning governments that increasing economic output should be put ahead of meeting deficit targets in other words governments need to be growing economies not contract thing that she specifically urged policymakers in the eurozone to give greece more time to meet spending cuts goals to soften the impact of austerity according to data from the i.m.f. world economic outlook the eurozone nations that embraced austerity like greece portugal and spain have seen their economies...
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Oct 9, 2012
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the budget deficit, annual deficit was $160 billion and on a trajectory to being balanced. now it's 1$1.1 trillion, seven times higher. you mentioned spending at $16,000 per second. you know what it is now? $47,000 per second. the amount makes it much, much worse, and the other thing is our credit rating has been downgraded for the first time ever in history. when i leaf the senate, the government was bore roerg about six cents of every dollar being spent and now it's 31 cents being borrowed of every dollar being spent. that's why we needge fiscal discipline in washington? >> i've never heard someone defend increasing the debt by $16,000 a second as a good thing and the thing that's kind of mystifying about it is as he was doing, that he was repeated voting to raise his own pay, as if that somehow merit add pay increase. on the issues of women's health, there was a very, very vivid and i think horrifying speck spectacle in the general assembly last year when the legislature tried to force women to have and i vai sieve ultrasound proceeding against their will, medically unne
the budget deficit, annual deficit was $160 billion and on a trajectory to being balanced. now it's 1$1.1 trillion, seven times higher. you mentioned spending at $16,000 per second. you know what it is now? $47,000 per second. the amount makes it much, much worse, and the other thing is our credit rating has been downgraded for the first time ever in history. when i leaf the senate, the government was bore roerg about six cents of every dollar being spent and now it's 31 cents being borrowed of...
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Oct 7, 2012
10/12
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Oct 12, 2012
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successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul ryan was very clear. you cut tax rates, that gives you growth. listen to this exchange. >> cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mattally possible. >> it is mathematically possible. it has been done before. >> it has never been done before. >> it has been done couple times actually. lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interrupt
successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he...
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of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my...
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Oct 6, 2012
10/12
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WMPT
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one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. win.thought romney was
one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers....
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Oct 6, 2012
10/12
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WETA
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you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them
you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for...
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Oct 6, 2012
10/12
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KQEH
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for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked in the oval office, i had more than a trillion dollar deficit greeting me, and we know where it came from. two wars that were paid for on a credit card, two tax cuts that were not paid for, and a whole bunch of programs that were not paid and then a massive economic crisis. >> question. president obama's gambit has been to blame his predecessor bush for his $4 trillion deficit. why didn't that pay off, pat? >> frankly, president bush is an argument that obama has used which has been somewhat effective, that he inherited a very tough situation. >> he knew what he was inheriting. >> but he didn't mention bush's
for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked...
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Oct 10, 2012
10/12
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COM
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>> obamacare ads trillions to our deficits and to our national debt. i will repeal obamacare. >> jon: all right. that's something. and while the statement "obamacare adds trillions to our deficit and to our national debt" is a lie! (laughter) it's a complete lie. (laughter) the point is it's going. we have an immoral debt. while covering people with pre-existing conditions and keeping people on their parent's health insurance is popular, cuts have to be made. >> there are a number of things that i like in health care reform. one is to make sure that those with pre-existing conditions can get coverage. two is to assure that the marketplace allows for individuals to have policies that cover their family up to whatever age they might like. >> jon: so you're repealing obamacare but you're keeping the good parts of health care, social security, and medicare for current seniors and you're going to keep the employment and you're going to cut taxes by 20% and build more submarines and destroyers that the pentagon doesn't want and tackle our immoral debt and de
>> obamacare ads trillions to our deficits and to our national debt. i will repeal obamacare. >> jon: all right. that's something. and while the statement "obamacare adds trillions to our deficit and to our national debt" is a lie! (laughter) it's a complete lie. (laughter) the point is it's going. we have an immoral debt. while covering people with pre-existing conditions and keeping people on their parent's health insurance is popular, cuts have to be made. >>...
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Oct 12, 2012
10/12
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FBC
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they have the same rates that is deficit neutral. different way demonstrated by martin feldstein at harvard got rid of deductions of higher income americans and he pointed out you can do that without burdening the middle class. harvey rosen of princeton university broaded base and depend on economic growth. again you don't have to burden the middle class. there are variety of demonstrations basic principle low rates and broad bases are better tax policy and will raise money necessary for the federal government. lori: one last question. >> sure. lori: who will win this presidential election? >> i think that governor romney is going to win but i will tell you it is very, very close. it will be very close to the end. this is not an election i see swinging in a strong way one way or the other, close to the finish line. it will be a tough battle. lori: douglas holtz-eakin. thank you so much. >> thank you. ashley: going to be interesting you know. obviously joe biden, vice president, came out swinging last night. was verying a grist sieve.
they have the same rates that is deficit neutral. different way demonstrated by martin feldstein at harvard got rid of deductions of higher income americans and he pointed out you can do that without burdening the middle class. harvey rosen of princeton university broaded base and depend on economic growth. again you don't have to burden the middle class. there are variety of demonstrations basic principle low rates and broad bases are better tax policy and will raise money necessary for the...
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Oct 8, 2012
10/12
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KCSM
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he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campaign folks, every time biden is out there, they are nervous about w
he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been...
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Oct 12, 2012
10/12
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CSPAN
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we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming to you. host: joseph is in our jacksonville, florida line, in support of president obama. caller: good morning. i enjoyed the debate. several things caught my eye with vice president biden's. he did a lot of laughing and smirking. some of it was called for and some was not. going back to last week, watching romney tell those untruths, i believe he had to do some of that because the only thing paul ryan was doing was complementing what romney was doing, which was lying. so i believe biden had to interrupt because there were times when things ryan was saying did not make any sense. the 47%, they cannot clarify the that this really has hurt a lot of people by what they have said and they cannot live up to that. then president obama gets in office the first day and the republicans say we will do everything we can to make sure you are one-term president. how can you
we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming to you. host: joseph is in our jacksonville, florida line, in support of president obama. caller: good morning. i enjoyed the debate. several things caught my eye with vice president biden's. he did a lot of laughing and smirking. some of it was called for and some was not. going back to last week, watching romney tell those...
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Oct 13, 2012
10/12
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CNNW
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finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society. he wants to do that by the end 6 his first term. right now government spending is at 25% of gdp. let's shed some more light on what romney's america would look like. kevin hassette is an economic adviser for mitt romney. stevon moore is an editorial writer for "the wall street journal." my good friend christine romans is the host of "your botto line" right here on cnn. folks, no party or ideological spin today, no using the name obama or the term democrat. pain the me a picture of what the world looks like under romney four years from
finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society....